Industry Department Clarifies Jurisdiction for Industries with Fixed Capital Below NPR 25 Crore
Summary
The Department of Industry has clarified that recommendation works for industries with fixed capital below NPR 25 crore will be managed by provincial governments and their subordinate bodies, along with seven additional industrial services to be processed online from July 18.
Key Points
- The Department of Industry clarified jurisdiction for industries with fixed capital under NPR 25 crore lies with provincial governments and their subordinate bodies.
- Provincial governments will handle works related to machinery, tools, and raw materials for such industries.
- Recommendations for chemical imports, bonded warehouses, raw material norms, exemptions, and concessions will also be managed by provincial bodies.
- From July 18, seven additional industrial registration and related services will be available online via the Industrial Management Information System.
